Civic Intelligence

Pets for Vets Inc.

990 • Fiscal year 2018 • EIN 27-1250302

Jan 01, 2018 to Dec 31, 2018 • Filed on May 08, 2019

PO Box 10860Wilmington, NC 28404

(301) 956-3837

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

56th percentile

$75,727

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

2.8%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,955,271

Up $333,357 (+13%) from 2017

Net Assets

Up

$2,944,120

Up $333,897 (+13%) from 2017

Liabilities

Down

$11,151

Down $540 (-4.6%) from 2017

Revenue

Up

$1,003,689

Up $27,479 (+2.8%) from 2017

Expenses

Down

$360,082

Down $81,340 (-18%) from 2017

Net Income

Up

$643,607

Up $108,819 (+20%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $49,936Liabilities 2010: $29,401Net Assets 2010: $20,5352010Assets 2013: $483,055Liabilities 2013: $7,081Net Assets 2013: $475,9742013Assets 2014: $799,638Liabilities 2014: $3,520Net Assets 2014: $796,1182014Assets 2015: $1,573,397Liabilities 2015: $8,688Net Assets 2015: $1,564,7092015Assets 2016: $1,953,867Liabilities 2016: $8,361Net Assets 2016: $1,945,5062016Assets 2017: $2,621,914Liabilities 2017: $11,691Net Assets 2017: $2,610,2232017Assets 2018: $2,955,271Liabilities 2018: $11,151Net Assets 2018: $2,944,1202018Assets 2019: $4,219,423Liabilities 2019: $13,699Net Assets 2019: $4,205,7242019Assets 2020: $4,755,771Liabilities 2020: $11,140Net Assets 2020: $4,744,6312020Assets 2021: $5,688,454Liabilities 2021: $24,860Net Assets 2021: $5,663,5942021Assets 2022: $5,154,384Liabilities 2022: $19,239Net Assets 2022: $5,135,1452022Assets 2023: $5,454,531Liabilities 2023: $29,190Net Assets 2023: $5,425,3412023Assets 2024: $5,929,537Liabilities 2024: $30,635Net Assets 2024: $5,898,9022024

Highlighted filing

2018

Assets$2,955,271
Liabilities$11,151
Net Assets$2,944,120

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $58,217Expenses 2010: $37,682Net Income 2010: $20,5352010Revenue 2013: $394,607Expenses 2013: $142,818Net Income 2013: $251,7892013Revenue 2014: $676,559Expenses 2014: $362,182Net Income 2014: $314,3772014Revenue 2015: $1,284,387Expenses 2015: $426,401Net Income 2015: $857,9862015Revenue 2016: $732,041Expenses 2016: $484,903Net Income 2016: $247,1382016Revenue 2017: $976,210Expenses 2017: $441,422Net Income 2017: $534,7882017Revenue 2018: $1,003,689Expenses 2018: $360,082Net Income 2018: $643,6072018Revenue 2019: $1,275,674Expenses 2019: $454,771Net Income 2019: $820,9032019Revenue 2020: $990,468Expenses 2020: $670,855Net Income 2020: $319,6132020Revenue 2021: $1,511,413Expenses 2021: $695,616Net Income 2021: $815,7972021Revenue 2022: $938,017Expenses 2022: $888,407Net Income 2022: $49,6102022Revenue 2023: $872,837Expenses 2023: $1,002,439Net Income 2023: -$129,6022023Revenue 2024: $1,628,428Expenses 2024: $1,317,493Net Income 2024: $310,9352024

Highlighted filing

2018

Revenue$1,003,689
Expenses$360,082
Net Income$643,607
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 8, 2019
Return Version
2018v3.1
Gross Receipts
$1,608,265
Mission and Program Overview

Mission

Pets for Vets identifies veterans who could benefit from and care for a companion animal and then pairs them with shelter pets which have been rescued, rehabilitated and trained for that purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,464,807$2,630,762▲ $165,955
Cash and Non-Interest-Bearing Accounts$156,833$324,509▲ $167,676
Accounts Receivable$274$0▼ $274
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,621,914$2,955,271▲ $333,357
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$11,691$11,151▼ $540
Total Liabilities$11,691$11,151▼ $540
Net Assets / Fund Balance
Unrestricted Net Assets$2,610,223$2,944,120▲ $333,897
Total Net Assets Fund Balance$2,610,223$2,944,120▲ $333,897
Total Liabilities and Net Assets / Fund Balance$2,621,914$2,955,271▲ $333,357
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Clarissa BlackExecutive DirectorFT$75,727$75,727

Board Members and Trustees

NameTitle
Ann BlackPresident
Nancy MartinVice President
Cathy LileSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$855,258
Program Service Revenue
$8,250
Investment Income
$140,181
Other Revenue
$0
All Other Contributions
$855,258
Change in Net Assets
$643,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,003,689
Revenue Not Reported on Form 990
$-309,710
Total Revenue per Audited Statements
$693,979
Total Revenue per Form 990
$1,003,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,131
Salaries, Compensation, and Employee Benefits$143,535
Grants and Similar Amounts Paid$31,416
Total Fundraising Expense$7,283
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,368$11,359-$75,727
Other Salaries and Wages$48,763$8,605-$57,368
Other Expenses$27,762$3,221$7,283$38,266
Fees for Services Other$33,753$762-$34,515
Grants to Domestic Individuals$31,416--$31,416
Fees for Services Legal-$24,222-$24,222
Payroll Taxes$8,874$1,566-$10,440
Fees for Services Accounting-$7,812-$7,812
Insurance$5,910$876-$6,786
Total Functional Expenses$294,376$58,423$7,283$360,082

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$360,082
Total Expenses per Audited Statements$360,082
Total Expenses per Form 990$360,082
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Clarissa BlackFamily Mbr.W2 EmployeeNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

President is the mother of the executive director.

Form 990, Part VI, Line 11B: Form 990 Review Process

Independent CPA prepares Form 990 and reviews with board members before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

President reminds board on an annual basis of their duties to disclose any potential conflicts of interest as soon as they arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors is provided with publicly available salary data gleaned from comparable nonprofit entities in order to assist in the decision-making process.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

See above.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Form 990 is available at www.guidestar.org and upon request from Pets for Vets.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available upon request from Pets for Vets.

Filing and Contact Details

Filer

Filer Name
Pets for Vets Inc
EIN
27-1250302
Phone
3019563837
Address
PO Box 10860, Wilmington, NC 28404

Signing Officer

Name
Ann Black
Title
President
Signed
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Black
Formed
2009
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
400

Preparer

Firm
Bearmancpa Pllc
Address
124 Cavalier Dr, WILMINGTON, NC 28403-2547
Preparer
Nigel Bearman
Phone
9105080630
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code. Additionally, it does not generate business income unrelated to its exempt purpose and therefore has made no provision for income taxes or uncertain tax positions in the financial statements. There are no federal or state tax audits of the organization in progress and Pets for Vets believes it is not subject to tax examinations for fiscal years prior to 2015.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt08250
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0855258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0813000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0669420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01192199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0628398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04158275
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0140181
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0153710
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt052371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt078033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036696
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0460991
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt043219
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt010250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt012844
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02375
IRS990ScheduleA/OtherIncome170Grp/TotalAmt043219
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75280
IRS990ScheduleA/PublicSupportPY170Pct00.76840
IRS990ScheduleA/PublicSupportTotal170Amt03509775
IRS990ScheduleA/SubstantialContributorsTotAmt0648500
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0855258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0813000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0669420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01192199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0628398
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04158275
IRS990ScheduleA/TotalSupportAmt04662485
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0360082
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-309710
IRS990ScheduleD/RevenueNotReportedAmt0-309710
IRS990ScheduleD/RevenueSubtotalAmt01003689
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code. Additionally, it does not generate business income unrelated to its exempt purpose and therefore has made no provision for income taxes or uncertain tax positions in the financial statements. There are no federal or state tax audits of the organization in progress and Pets for Vets believes it is not subject to tax examinations for fiscal years prior to 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0360082
IRS990ScheduleD/TotalRevenuePerForm990Amt01003689
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0693979
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0360082
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031416
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Companion Animals to Veterans
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Animal training & assoc (see below)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt050
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cost
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Veterans do not receive any cash funds. An animal is indentified for the veteran and then adoption, veterinary, board and training and pet service fees are paid to prepare the animal to be a companion. Volunteers follow-up with recipients to provide continued training after placement and to ensure success of the veteran-pet match.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Clarissa Black
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family Mbr.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0W2 Employee
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President is the mother of the executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Independent CPA prepares Form 990 and reviews with board members before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2President reminds board on an annual basis of their duties to disclose any potential conflicts of interest as soon as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors is provided with publicly available salary data gleaned from comparable nonprofit entities in order to assist in the decision-making process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4See above.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 is available at www.guidestar.org and upon request from Pets for Vets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents are available upon request from Pets for Vets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02621914
IRS990/TotalAssetsEOYAmt02955271
IRS990/TotalAssetsGrp/BOYAmt02621914
IRS990/TotalAssetsGrp/EOYAmt02955271
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0855258
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07283
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0294376
IRS990/TotalFunctionalExpensesGrp/TotalAmt0360082
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011691
IRS990/TotalLiabilitiesEOYAmt011151
IRS990/TotalLiabilitiesGrp/BOYAmt011691
IRS990/TotalLiabilitiesGrp/EOYAmt011151
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02610223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02944120
IRS990/TotalProgramServiceExpensesAmt0294376
IRS990/TotalProgramServiceRevenueAmt08250
IRS990/TotalReportableCompFromOrgAmt075727
IRS990/TotalRevenueGrp/ExclusionAmt0140181
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01003689
IRS990/TotalVolunteersCnt0400
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02621914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02955271
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02610223
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02944120
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 10860
IRS990/USAddress/CityNm0Wilmington
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028404
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.petsforvets.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z

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